St. Paul daily globe., 1887-10-21
The COMMERCIAL RECORD.
In the Morning On the Chicago Board
of Trade Prices Took
Tumble,
Which Was Followed Later in the Day
by a Considerable Re-
action.
Transactions in the Financial Circles
OF Wall Street.-The General
Quotations.
Special to the Globe.

CHICAGO Oct. 2O-The grain markets were
active to an unwonted degree around the
opening this morning. The bulge in the
price of wheat yesterday afternoon reflected
in little better cables this morning.
1t also brought buying orders from the coun-
fry, and it gave the scalpers chance 10 un-
load without breaking prices. The free offer
ings caused values TO settle fractionally, how.
ever, but the market retained its strength of
undertone. The prices during the first hour
ranged 7SI26TS14c for May. Corn was barely
steady at shade lower prices; November
opened at 14c and May at 45c. The in
spection sheets show receipts yesterday to
have been l27 cars of wheat, 322 cars of
corn and 1873 cars of oats. Receipts of hogs,
$4,000 head. Provisions were active, par
ticularly January pork, which sold eff from
$12.05 10 S1l.90, and reacted to S11.97l2 by
1880 a. III. The wheat market averaged
strong during the whole of the forenoon.
The temper of the crowd was bullish, but the
desire seemed TO be TO hold the market back
until everybody who felt that way could catch
on. TWAS Il strong, stubborn, nervous market;
fluctuations were within moderate limits
The cash markets are strong here and else
where. Shippers continue to complain that
they cannot find the owners of wheat in Chi
cago elevators, and they are obliged to bill
foreign orders at the seahoard or in markets
outside of Chicago. December ranged 1880
73Ssc and May 7SA@7S84c. Hutchinson I'M
loaded lot of cash and October corn, break
ing the nearby end of the market from 45c
to 445sc. May ruled weak, but only settled
Ac and recovered Isc of that A scarcity of
vessel-room contributed TO the weakness in
cash. Oats remain unchanged and fairly
steady. Moderate activity at steady prices
was the principal feature of the provision
Oh,
under yesterday, but the market ruled steady
speaking of it as a whole. Estimated receipts
for tomorrow: Wheat, 125 ears: corn, 425
cars: oats, I95 cars; hogs. % Geo head; lake
engagements to-day, 81 900 bushels of wheat
and I70, 900 bushels of corn.
THE ROUTINE REPORT.
CHICAGO, oct. Capitalization following
the advance of Wednesday sent prices for
wheat ana corn down uniformly lac for all
futures during the first hour of tie session of
'change to-day. The realization was more
extended than anticipated and was some
what of Encouragement 10 investors. Be-
fore noon. however. a reaction set in, and at
IL o'clock December wheat, which had
dropped to 727sc. was back up to the closing
point of yesterday and the opening figures
this morning, 73lsc. The market was in the
hands of the scalpers the entire session, and
moved with the feelings OF the crowd. The
greatest strength was toward the close, and
local buying was fair toward l o'clock, when
T314c and closed at l o'clock at 731sc. On
the afternoon board the market
again weakened somewhat, and December
closed close os for the day at 527s@ 53c
the market ruling rather quiet most OF the
session. The market was governed almost
entirely by local Influences, no outside news
of importance being received. The opening
was at yesterdays closing prices. The market
then ruled weak for time and declined lac,
recovered under better demand, Influenced
some by the advance in wheat, ruled steady
and closed lS04c lower than yesterday. Re
ceipts were trifle larger than anticipated,
and estimated arrivals for tomorrow show
some increase. Demand for the better grades
was fair, and prices were without special
change. Vessel room continues scarce and
lake freightS remain firm. May corn opened
at 45c, sold at 44S4@f5c and closed at 44a4
@447sc. Oats, as compared with yesterday,
the cash or sample market was somewhat
stronger to-day, and there was good bust
ness, but i'll the way of speculative trade
there was perhaps some decrease. the market
being rather dull. Future deliveries were
not subject 10 any important changes, and
values remained within yesterdays range be-
coming tritle easier than yesterdays clos
ing. Provisions recovered somewhat from
yesterdays dullness The trading was in
volume quite fair and as it was claimed that
packers were selling the January futures
against their anticipated manufacture, the
market was more or less bearishly inclined.
The party favoring lower prices was SLOW,
however, to push its aiyantage, and the ac-
tual changes witnessed in value were limited.
Shorts took good share of the future prop
erty sold. January, the active month. sold at
Sl1.9O012.25 for pork, ST. l2l2@D6.17l2 for
lard and S60506.O712 for short ribs Pork
for the same month closed at S11.97l2. lard
at ST. 10 and short ribs Sc OLE.
THE QUOTATIONS..
The leading futures ranged as fellows:
Wheat No. 2, october, opening 7O34c, closing
T0l2c; November, opening 715sc closing
z5ssc; December. opening 72lsc, closing
Corn No, 2, October, opening 4Ic. closing
40S4c; November, opening 41Ac, closing
41c; December, opening 41Ac, closing
4le: M May, opening, 45c, closing 44as4c.
25l2c; November, opening 25s4c, closing
255sc; December, opening 255s, closing
23l2c; May, opening 29ssc, closing 29ssc.
SI9 Sess 81 ForE aosips per e6lanuary S1, opening
100 lbs.-zoctober, opening Sc. l 7l2, closing
$500; November, opening S6.01. clos
ing d1gs,S6 Sc 'o7Is; January, opening S6;d7!2,
closing s645. Short Ribs. pI per loo qR;42, Ibs.2,
October, opening S705c, closing S7.O7:
January, opening S6,oz, closing S6.o712.
end a fo0V W6edTo Flour firm
spring, 70l2c; No. spring, 65c; No red,
E2c. Corn-No. 2, 4084c. Oats-No2 3 25lac.
Rye-No; 2, soc. Barley-No. ., 6s@69c
seed: s.: :17@21s. Mess pork per bbl, $50
1925, Lard, per 100 lbs, Sc. .25. Short
ribs sides Qoose) 81; dry salted shoulders
(boxedl, S7.35@7.4 40. Whisky-Distiliers'
finished goods, per gallon, S1.1O. Sugars
Cut loaf, 7c; granulated, Gaze; Standard
"a" 6ssc. Receipts-Flour, $4,000 bbls;
wheat, 10000 bu; corn, 100000 bu; oats,
226,000 bu; rye, 1000 bu; barley, $4,000
bu. Shipments-Flour, 10000 bbls; wheat,
5000 bu; corn, 1900 bu; OATS 135, 600
bu; rye. 2,0G0 bu; barley, 10000 bu. On
the produce exchange to-day the butter mar
ket was steady for fine stock and slow for
medium; creamery, 1SI2@25c; dairy, 16la@
22c. Eggs-17l2@17s4c for fresh laid.